Key Takeaways:
- U.S. banks cleared to buy/sell crypto and custody assets via third parties.
- Digital assets surge; Ethereum leads with an +18% breakout.
- Institutional flows lag behind price action, but volumes are rising.
Regulatory Thaw Ignites Crypto Rally: How Much Higher Can Markets Climb?
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Staying the Course – ETH, SOL Overweights Continue to Pay Off Amid Breakout
Our ETH and SOL overweights paid off as both led the breakout sparked by regulatory catalysts. ETH saw its best daily move in over a year, and SOL rebounded strongly. While we started cautiously, our positioning captured the upside when it mattered most.
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The move away from a purely US dollar-centric approach towards a more diversified allocation that includes cryptocurrencies, gold, and Chinese assets underscores the impact of geopolitical factors and the increasing acceptance of digital assets within mainstream financial thinking.
Anchorage Digital Acquires Mountain Protocol to Boost Institutional Stablecoin Adoption
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Coinbase Stock Rockets on Historic S&P 500 Inclusion
News of its impending inclusion to the index sent its stock soaring by nearly 24% on Tuesday and signals a significant shift in how traditional finance views digital assets.